I have posted quite a bit over the last months about world wide impact of shale gas – an industry that is having economic, political and strategic implications across the globe. These two articles, one from the Cleveland Plain Dealer about the local offshore wind project and the other from the Washington Post about the President’s natural gas policy, make the point that our energy future should not be just about natural gas.
McDonald Hopkins is fortunate to be very active in the oil and gas space, representing a number of developers and mid stream companies. We also serve as general counsel to the developer of the Cleveland offshore wind project. We see first hand the importance of an “everything” energy strategy. As the Post states:
The country can’t use natural gas forever, because it still produces some carbon dioxide [and it is a finite fossil fuel]. But gas can, for a time, serve as a low-cost alternative to dirtier fossil fuels in a program to steadily green the economy. . . . The president’s approach is better. While praising the energy boom for all its benefits, he has also concluded that reasonable new regulations could make extracting gas much cleaner, and his administration has gone about writing them.
Ultimately, we must transition to a energy policy that is sustainable. Offshore wind is already a part of that equation in Europe. It is a multi-billion dollar business. That business is ready to enter the United States. As noted by the Plain Dealer:
I am convinced that we are poised to become the first freshwater wind farm in North America, which will spawn a new wind power industry in Northeast Ohio," said Lorry Wagner, LEEDCo president and a nuclear engineer. LEEDCo's long-term goal is to build hundreds of turbines offshore where years of wind testing have shown the best wind exists.
Here at McDonald Hopkins, we believe in the everything strategy. It will take all manner of energy to meet domestic and international demand in the near future in a sustainable fashion. We are very fortunate in the US to have developed the technology (horizontal fracking) to help meet current energy demand as we can continue our work on the sustainable technologies to meet future demand.